Logging Cost-Accounting 11 



ment), may be distributed among the logging accounts, making the 

 basis of division either the total days' labor, or the total wages 

 expended on each project. 



8. Journal-Ledger Forms — All expenditures other than labor 

 (stores, tools and equipment) are posted directly from the bills 

 to journal-ledger forms under the proper project headings. The 

 bills are then O.K.'d and sent to the main office for payment. 

 The items are entered singly, with the name of the firm from 

 which the purchases are made. These are totaled monthly, for 

 use in the monthly report. At the end of the year the journal- 

 ledger sheets for shop, tools and equipment accounts are added to 

 the inventory sheets of these accounts which were made at the 

 beginning of the year, making a complete list to use as a basis for 

 the new inventory. The same journal-ledger forms are used for 

 outside accounts in cases where bills are paid from the camp 

 instead of from the main office. 



This system is simple and except for a day required at the 

 end of the month to make out the pay roll, time summary, board- 

 ing account and monthly report, it makes no greater demand on 

 the clerk than the old style journal and ledger system. It is 

 flexible, compact and cumulative — that is, the cost of the work 

 from month to month is shown, and it is an easy matter to learn 

 the exact expenditure at any time. A close analysis of compara- 

 tive costs is made possible. And this is not only interesting, but 

 very useful in leading to better methods of conducting the work. 



